This course is the fourth course in a five-course Financial Reporting Specialization. This course focuses on the recognition, measurement and subsequent accounting for equity, pensions, share-based compensation and cash flows utilizing the FASB Accounting Standards Codification and other resources.

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About the Course

In this module, you will become familiar with the course, your instructor and your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.

Taught By

John Hepp

Clinical Assistant Professor of Accountancy

Transcript

My name is John Hepp. I'm a Ph.D and CPA, teaching in iMSA program. I will be teaching 502, which is a continuation of the intermediate accounting course. I've known all my life that I wanted to be an accountant. I've found that every club I ever joined, I ended up being the treasurer somehow or another. I continued that career, professionally working in public accounting for Grant Thornton and working as a Project Manager at the Financial Accounting Standards Board. Now I'm here at the University of Illinois after a career where I became a partner at Grant Thornton international office, and also worked overseas for 10 years in various countries in Southeast Asia, Africa, and Eastern Europe helping to implement international accounting standards. This is my third year at the University of Illinois. I've been here as a Clinical Assistant Professor, so instead of research I primarily have been doing consulting and working with IFRS filing companies, and VACC, and to a lesser extent with US GAAP filing companies. I'm very excited to be working in the iMSA because it provides an opportunity to reach out to a much larger audience. I've previously worked in doing, continuing education for various accounting firms, but this is a fantastic opportunity to reach out to a much larger audience, and I'm really looking forward to this. So, I'm going to try and bring to this class the combination of my two lives, my academic knowledge and my practical knowledge, and what I have learned working in practice as a professional, and also working with standard setters and others over the course of a long career as to how the standards are set to give you a little bit more of an idea of the why behind the standards as well as just the empirical knowledge of how the standards are applied. I'm extraordinarily proud to be a Certified Public Accountant and to serve as part of the profession which has such an extraordinarily public role in protecting our public markets and the public interest, and I hope you will be too. I was particularly excited with the opportunity to work with one of the top programs in the world at the University of Illinois. University of Illinois has a long tradition of excellence in Accounting, in Accounting Research, and in Accounting Education. It's great to work for the best, and I think you'll enjoy studying with the best.

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